Kidder Peabody Settles
Suit Alleging Price Fixing

NEW YORK -- The former brokerage firm Kidder Peabody agreed to pay nearly $14.1 million to a group of investors suing over alleged price-setting collusion among Nasdaq market makers.

The settlement, which is subject to court approval after members of the class are notified, marks the second such agreement by one of the 35 defendants being sued. Two weeks ago, Sherwood Securities agreed to pay nearly $9.2 million to settle.